(Loan to Farmers Indebted to Money Lenders)
Purpose |
To provide relief and remove debt burden of identified, actually distresses farmers who are under heavy burden of debt from non-institutional source (i.e. money lenders) by providing them loan for debt redemption. This is a loan given to farmers to offset their loan from money-lenders |
Eligible Borrower |
Small and marginal and agricultural labourers. All borrowers regular in payment, non-borrowers and tenant farmers who approach as a Self-Help Group or Joint Liability Group are also eligible for this loan. Existing willful defaulters of the bank will not be eligible. |
Age |
Minimum 21 years ; Maximum: 65 years |
Loan Amount |
Maximum: Rs. 50,000/-. |
Margin |
NIL |
Interest Rate |
As per Bank's guidelines |